An elderly person who hasn't yet regressed to the XXL diaper baby stage; old people tend to be wise and should not be dismissed just because they are getting physically feeble and maybe a little deaf and maybe a little blind!
I didn't write that..........plus not all stocks and savings have suffered - and those that have suffered but arebouncing back are fantastic to buy for the next six months or so.
Say a house was worth 100k, and is now only worth 60k - one would only have had to make 80k out of 100k capital in nine months to buy THREE at 60k.........easy if you are lucky enough to make over 53% on one investment in less than three weeks!
I can quote many bonds that have done very well since December 2008 and many that still represent 'good value' now.
To tell the truth I don't believe my judgement is that good.
I am good on the Mathematics side....... and leave the expertise, after I've worked out the figures, to somebody I trust on whether it is a good decision to buy or sell.
Nine times out of ten my suggestion to buy or sell is 'shot down in flames', but the one in ten where I'm told 'that seems ok' I've gone ahead and done well.
Maybe - buy 100,000 pairs of 'frightened sausage' size only at a HUGE discount and capture the niche market on the internet for men with small dangly bits who are shy of going into a shop and asking for size 'XXS' (extra extra small).
See - I am a genius!
Send me 1.32% of your GROSS profits by way of gratitude, please!
Thank you - life is good........ a little scared that one day I might wake up and discover I have to go back to work....... but worse things have happened to me!
I declined to exchange contracts at the last moment (it represented my only security in life at that point in time).
I committed financial suicide by not selling, and will probably keep that property (in the UK) for at least another 4/5 years.
Put it this way - if I'd invested the profit from selling that house just nine months ago I could have made enough money to buy at least three similar houses now!
10% of bonds 'defaulted' in the 1930's............ I am making the assumption that 20% will default in this recession - apart from that it is a fantastic time to invest - 'safe as houses' people say but I know many who are in your position and it is definitely not funny..........
Timing is everything. I told a dear friend when she sold her UK house at her asking price less than two years ago that then was NOT the time to reinvest in property but it was what she knew and trusted - if somebody had realised the equity on their property then and rented for a couple of years and invested there money once the bottom had fallen out of the financial market they would be worth at least four times what they were worth two years ago!
I'd not invest in property even when it hits the bottom; I'd wait for it to have gone up for a few months first - anyway, I'll go on what Buffett says, which is:
'The purchase of a house should be primarily to live in and NOT as an investment - only buy what you can afford, and enjoy living in it!'
It's a short story.......... my darling told me that the 'wurst' she brought out from Germany was 'ok for frightening' - she meant 'frying'........ since then I have been her 'little frightened sausage'!
rusty_knight Forum Posts (6,840)
RE: Priceless
A woman trained to leave the toilet seat UP!